Capital Power (TSE:CPX) Price Target Increased to C$47.00 by Analysts at BMO Capital Markets

Capital Power (TSE:CPX) had its price objective raised by BMO Capital Markets from C$42.00 to C$47.00 in a research note released on Thursday, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Atb Cap Markets upgraded Capital Power from a hold rating to a strong-buy rating in a research report on Monday, August 26th. TD Securities lifted their price target on Capital Power from C$47.00 to C$48.00 and gave the company a buy rating in a research report on Thursday, August 1st. Desjardins lifted their price target on Capital Power from C$53.00 to C$54.00 and gave the company a buy rating in a research report on Tuesday, August 20th. ATB Capital lifted their price target on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Finally, National Bankshares lifted their price target on Capital Power from C$44.00 to C$47.00 and gave the company an outperform rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Capital Power presently has a consensus rating of Moderate Buy and an average target price of C$46.44.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$45.71 on Thursday. The business’s fifty day simple moving average is C$42.30 and its 200 day simple moving average is C$39.54. The firm has a market capitalization of C$5.94 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$45.87. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The firm had revenue of C$774.00 million during the quarter.

Capital Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s payout ratio is currently 51.68%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. 0.17% of the stock is owned by company insiders.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.